See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3

276 Governor St, Paterson, NJ, 07501

7beds
3baths
0sqft
$599,900
--price/sqft
$4,678/moest. monthly cost
$187,120/yrincome needed

About This Home

Exceptional investment opportunity knocking! Legal three family house, with green card. This well maintained home offers 3 spacious units, each featuring living room, and functional kitchens. Ideal for owner-occupants looking to offset mortgage costs or investors seeking strong rental income potential. All utilities separate, great for expanding your real estate portfolio.

Getting Around

87
WalkingVery Walkable
59
TransitGood Transit
48
BikeSomewhat Bikeable

Schools

5/10
Paterson P-TechGrades 9-120.5 mi

Construction

Condition

  • Year built: 1970

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Aluminum Siding

Notable Dates

  • Major remodel year: 2020

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Yes,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Bedrooms,Eat-in Kitchen,Living Room,Eat-In Kitchen

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 2508035020000000140000

Features

  • Levels: 3-Three Story
  • Stories: 3

Lot

  • Lot size: 2,613 sqft
  • Lot size dimensions: 25 x 96

Parking

  • Parking features: None

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Strong Wind
Winter Weather
Cold Wave
Heat Wave
Inland Flooding
Lightning

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,033$36,396
Home Insurance *$323$3,876
Property Taxes $1,129$13,548
Electricity $193$2,318
Total$4,678$56,136
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$160,388/yr
40% on housing$140,340/yr
45% on housing$124,746/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.5%
10.5%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 07501$285
Passaic County$341

vs Homes Sold Last Month

Median $/sqft

ZIP 07501$267
Passaic County$345

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-07Pending sale$599,900
2026-06-10Listed for sale$599,900
2020-10-08Sold$450,000
2020-08-04Pending sale$450,000
2020-08-04Listed for sale$450,000
2019-12-27Listing removed$299,000
2019-08-14Listed for sale$299,000
2019-08-12Pending sale$299,000
2019-06-27Price change$299,000
2019-03-12Listed for sale$325,000
2015-07-16Sold$53,000
2015-06-16Pending sale$58,000
2015-05-16Listed for sale$58,000
2008-11-01Listing removed$99,000
2008-09-20Price change$99,000
2008-08-21Price change$179,000
2008-08-01Price change$189,000
2008-07-02Price change$220,000
2008-06-19Listed for sale$259,000

For Sale by Agent

AgentOthoniel Gomez
BrokerageRealty One Group Legend

Similar Homes